Nifty Opens Lower, Sensex Dips; Markets Rebound on Buying
Nifty Opens Lower, Sensex Dips; Markets Rebound on Buying
Indian indices opened in the red with Nifty below 25,600 and Sensex down over 200 points before buyers in power, banking stocks and names like Infosys and ITC helped trim losses.
Trading in Mumbai opened with caution as Nifty50 dipped below 25,600 and the Sensex slid more than 200 points in the opening trades, reflecting a pause after a strong rally the previous session.
As the day progressed, buyers stepped in, particularly in power and banking stocks, helping pare some of the losses and lending a more positive tone to the session. The bounce gathered pace on hopes of steady earnings and supportive cues from global markets, lifting several key counters off their lows.
Infosys and ITC emerged as notable gainers, aiding the late-day recovery and contributing to a softer mood for the broader market. Traders watched volatility closely as sector rotation and domestic cues influenced stock-by-stock moves in the broader index, with many participants staying cautious about the near-term trajectory.
Analysts caution that volatility could persist in the near term, with market direction likely to hinge on domestic data, global cues, and ongoing sector rotations. Investors are advised to stay selective, maintain risk controls, and navigate the week with a balanced view of risk and opportunity.
